Emirates Cancels Airbus A350 Order

Jets Deal Valued at $21.6 Billion at Current List Prices

Airbus Group NV on Wednesday suffered one of the industry's largest plane cancellations when Emirates Airline decided to walk away from a deal for 70 A350 long-range jets as the carrier reviews fleet plans.

Emirates, the second-largest buyer of the jet behind Qatar Airways Ltd., won't take 50 A350-900s, the model currently in flight testing, and 20 larger A350-1000s, Airbus said. The move represents a 9% hit to the aircraft maker's...